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Restaurant Group (RTN)

63.25p

10:49 03/07/20

  • -0.86% -0.55p
  • Today's Low & High
  • 60.45 / 65.35
  • Open / Previous Close
  • 65.35 / 63.80
  • 52-week range
  • -55.24% -78.05p
  • Volume
  • 258,893
  • Market Cap(million)
  • £373.05m

64.05p REAL TIME BATS

  • 12:03 03/07/20
  • 0.08%
  • 0.05p

Technical Analysis

Support and resistance levels

S1

0.40
-29.00%

R1

0.75
32.00%

S2

0.24
-58.00%

R2

1.66
191.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.55
  • 0.53
  • Levels of negotiation support resistance
  • 0.60
  • 0.63

Technical situation

The short term rebound goes above the resistance level at 1.37, it would be necessary to go above 0.75 to slightly improve.

Recommendation

Short term comment

Remains a mid-long term neutral-bearish trend, although rises from the last relative lows set at 0.24 stands for a neutral-bullish short-term bias. This movement's goals are found at last bearish move's origin at 0.75. Going above this resistance would positively bias short terms and even press upwards the mid-long term scenario.

Long term comment

From some months ago, long-term scenario remains bearish. However, it shall be taken in account that since the last lows an exhaustion in the trend is being noticed. Therefore, extreme caution is recommended in spite of an eventual upwards turn.

Indicator Previous Current Signal Comment
RSI 7 29.66 33.70 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 41.75 43.26 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 45.36 46.24 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 44.90 45.24 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 44.34 44.42 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Heavy exhaustion of the bearish movement, however with no turning signal yet.
Slow Stochastic n/a n/a Bearish trend exhaustion signals, confirmed with turning signal.
Simple Moving Average 7 0.62 0.60 Extremely bearish very short-term trend.
Simple Moving Average 21 0.67 0.66 Bearish mid-term trend.
Simple Moving Average 50 0.58 0.58 Indefinite mid-term trend.
Simple Moving Average 200 1.05 1.05 Bearish long-term trend.
Exponential Moving Average 7 0.61 0.60 Extremely bearish very short-term trend.
Exponential Moving Average 21 0.63 0.62
Exponential Moving Average 50 0.63 0.62
Exponential Moving Average 200 0.63 0.62 Indefinite long-term trend.
MACD Line 0.00 0.00 Price following bullish trend.
MACD Signal 0.02 0.02 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.65 0.64 Very short-term trend is bearish.
Double Exponential Moving Average 21 0.62 0.62
Double Exponential Moving Average 50 0.62 0.62
Double Exponential Moving Average 200 0.62 0.62 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 265,574.59 294,538.52 OBV is bullish
Momentum 7 -0.11 -0.12 Extremely high falling speed in the very short term.
Momentum 7 -0.09 -0.08 Extremely high short-term falling speed.
% K Williams 100.00 85.71 Oversold, would favour a bullish turn.
Priority Date Notification
03/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
02/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
17/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
16/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
15/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
12/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
11/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
10/06/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
10/06/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
09/06/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
08/06/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.